Tata Motors shares recover 9% from 52-week low: How long for Rs 500 mark?
Tata Motors share price: Tata Motors stock, which closed at Rs 500 on February 17 is down 19.4 per cent till date. It hit a 52-week low of Rs 366.05 on May 12, 2022.
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Tata Motors share price: Tata Motors stock, which closed at Rs 500 on February 17 is down 19.4 per cent till date. It hit a 52-week low of Rs 366.05 on May 12, 2022.
Tata Motors share price today: Shares of homegrown auto major Tata Motors fell over 4 per cent today after the firm's UK arm Jaguar Land Rover (JLR) reported a 4.9 per cent decline in retail sales in Q2. Sales fell to 8,121 units in Q2 against 92,710 units in the corresponding quarter of previous fiscal. Additionally, sentiment around the Tata Motors stock was negative with JPMorgan downgrading the scrip to neutral from overweight. The brokerage said downgrade occurred due to a delay in deleveraging timelines at JLR. A delay in free cash flow generation raises risks to JLR's debt red...